yahoo news | Exclusive-How UBS helped Epstein accomplice Maxwell buy her hideout, 'Tucked...
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yahoo news | Exclusive-How UBS helped Epstein accomplice Maxwell buy her hideout, 'Tucked...
In rural New Hampshire, a 156‑acre estate known as “Tucked Away” became Ghislaine Maxwell’s last residence before she was arrested in July 2020. Documents released by the U.S. Department of Justice show that the $1.1 million purchase of the home in December 2019 was funded by a wire transfer processed by Swiss bank UBS on Maxwell’s behalf a month earlier. The money moved through a series of trusts and a TD Ameritrade account before reaching the property, suggesting the bank helped channel cash intended to hide Maxwell from investigators.
The transfer—nearly $8 million—originated from an account held for Montpelier Trust, an entity Maxwell set up with her then‑husband Scott Borgerson as a trustee, and was processed by UBS despite a grand‑jury subpoena issued in August 2019 demanding the bank disclose all of Maxwell’s financial activity. UBS informed Maxwell on August 1 that it would cease doing business with her within a month, yet the transfer proceeded three months later. Subsequent filings show the bank filed Suspicious Activity Reports covering more than $18 million in transfers from Maxwell’s accounts between 2014 and 2020, but regulators and the Justice Department declined to comment on the specifics.
The case highlights how major financial institutions sometimes overlook red‑flags when dealing with ultra‑wealthy clients linked to criminal investigations. Besides UBS, banks such as Deutsche Bank, Morgan Stanley, and Barclays continued servicing Epstein‑related accounts well after Epstein’s 2008 conviction, and Barclays was Maxwell’s only non‑U.S. lender from 2017 onward. Maxwell, convicted in 2021 and serving a 20‑year sentence, still had millions in assets at UBS and other banks at the time of her arrest. The “Tucked Away” property has since changed hands and is being marketed as a privacy‑lover’s retreat, underscoring how the financial trails of high‑profile crime figures can be obscured by sophisticated banking structures.
#ubs #ghislainemaxwell #u.s.departmentofjustice #tdameritrade #montpeliertrust
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